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Oil price news

 
 

EIA: crude oil prices to decline

Persistent withdrawals from global oil inventories have led to increases in crude oil prices, but the EIA forecasts that global oil markets will begin to balance through 2023, leading to a drop in prices.

 
 
 
 
 

Oil rises but red flags abound

Oil prices are on the rise today but the pandemic is hitting India hard and US crude stocks are forecast to build again.